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Repeal of Illinois Rent Control ban Stalls out in General Assembly
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Affordable housing crisis demands urgent commitment: Opinion
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Affordable Housing Tax Credit Bill Advances Out of Committee
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Affordable housing tax credit bill advances out of Illinois committee
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By Tim Kirsininkas & Capitol News Illinois
• 4 hours ago
A bill that would offer state tax credits to owners and developers of affordable housing units passed out of committee last week at the Illinois Capitol.
Senate Bill 2445, also known as the Build Illinois Homes Tax Credit Act, is an omnibus bill that aims to address the shortage of affordable housing stock in Illinois by offering incentives to landlords who maintain qualified affordable housing properties and for the purchase of building materials to be used for the construction of new affordable housing units.
The bill, sponsored by Sens. Mattie Hunter, D-Chicago, Ann Gillespie, D-Arlington Heights, and Sara Feigenholtz, D-Chicago, advanced out of the Senate Revenue Committee unanimously on April 14.